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Consider the following information taken from the cash account.Assume cash payments were 80% of collections. Cash ?? Beg. balance $115,375 Collections ?? Disbursements $80,275 End
Consider the following information taken from the cash account.Assume cash payments were 80% of collections.
| Cash | |
| ?? | Beg. balance |
| $115,375 | Collections |
| ?? | Disbursements |
| $80,275 | End balance |
How much was the beginning balance of the cash account?
a.$57,200
b.$35,100
c.$103,350
d.$92,300
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
